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On 11 January 2011 the Parliament of Singapore passed the Retirement Age (Amendment) Bill. Once the Bill comes into force the current Retirement Age Act (Cap 274A) will be renamed the Retirement and Re-employment Age Act (the ‘Act’). In addition to reflecting the wider scope of the amended Act, the new title also alludes to the primary aim behind the amendment, which as explained by Mr Gan Kim Yong during the Second Reading is to enhance ‘financial security in old age’ and to allow Singapore’s a
By two decisions dated 28 February 2011 and published on 24 March 2011, the Competition Appeal Board of Singapore (‘CAB’) substantially reduced the fines imposed on 3 November 2009 on six express bus companies by the Competition Commission of Singapore (‘CCS’). Rajah & Tann LLP Competition and Antitrust Practice acted for four of the appellants, namely Konsortium Express & Tours Pte Ltd, Five Stars Tours Pte Ltd, GR Travel Pte Ltd and Gunung Raya Travel Pte Ltd (together, the Appellants). This U
On 30 March 2010, China’s National Development and Reform Commission (‘NDRC’) published its first public infringement decision under the Chinese Anti-Monopoly Law (‘AML’), in which it imposed financial penalties on 21 members of a Rice Noodle Cartel for price-fixing. The NDRC is the Chinese competition authority tasked with enforcing the AML in relation to price-related anti-competition activities. The public infringement decision was imposed almost a year and a half after the coming into force
By Kala Anandarajah, Kala Anandarajah
By Kala Anandarajah, Kala Anandarajah
By Kala Anandarajah, Kala Anandarajah